University students expect to graduate with debts in excess of £15,000
Half of all university students in the UK expect to graduate with more than £15,000 of debt, according to research published today.
The latest Sodexo University Lifestyle Survey confirms the establishment of a generation of debt-ridden and anxiety-stricken undergraduates struggling to cope with their academic work. Even the traditional “student experience” appears to be on the wane as growing numbers choose to live at home and shun a busy social life because of work and financial pressures.
The research shows that while 50% of the UK’s 1.3 million full-time undergraduates expect to accumulate debts in excess of £15,000, more than a quarter (28%) think they will be in the red by more than £20,000 after graduation – a significant increase on 2% in 2004 …